CEF Advisors AICA Event NAVigator Podcast

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Chicago Atlantic BDC (LIEN)

BDC - Equity Focused BDC

Data as of Dec. 4, 2024
Current
Market Price $12.98 (+ $0.15)
NAV (Sept. 30, 2024) $13.28 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -2.26% (+1.13%)
Fund Info
Inception March 4, 2022
Sponsor Chicago Atlantic BDC Advisers
Website https://ssic.silverspi...
Phone 212-905-4923
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board No
Term Date N/A
Objective: Maximize risk-adjusted returns on equity for its shareholders by investing primarily in direct loans to privately held middle-market companies. The company invest across the cannabis ecosystem.
Capital & Leverage
Outstanding Shares 22,820,336
Total Assets (Reported: Sept. 30, 2024) $89M
Estimated Total Assets $303M
Net Assets $303M
Market Cap $296M
Portfolio Turnover 10.35%
Debt-to-Equity 0.0000
Total Leverage 0.00%
Structural Leverage (out of total) %
Portfolio Leverage (out of total) %
Expense Ratio 14.92%
Non Lev Exp Ratio 14.92%
Gross Asset Expense Ratio 14.16%
Gross Asset Non Lev Exp Ratio 14.16%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -47.20%
Discount High(3 Yr) -0.30%
Discount Rel Range (3 Yr) 95.83%
Comp Discount 27.26
Discount St Dev (1Yr) 12.37
Z-Stat
Z-Stat (6mo) 1.44
Z-Stat (1Yr) 1.44
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.58
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.70%
Income Yield 7.70%
Lev Adj NAV Yield 7.53%
Av Yield on Debt Investments 17.20
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.250
Ex-Date 8/19/24
Payable Date 8/27/24
Div Growth (3yr) %
Dividend Change 8.7% on 11/9/23
Expected Div 11/8/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $140
Avg Volume 30 day 6,040
Avg Volume 90 day 10,782
Volume Trend -43.98%
Comp Volume Trend -41.62%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
-4.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
-15.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
-2.0%
Most Correlated Peer (Mk Pr): RAND 10.0%
Price St Dev (1Yr) 28.9%
NAV St Dev (1Yr) 3.2%
Earnings
Earnings / Share (9/30/24) $0.002
Adj Core NII Coverage -1.38%
1 Yr Avg NII Coverage 51.52%
1 Yr Avg Adj Core NII Coverage 53.53%
NII Trend -7.33%
Adj Core NII Trend -22.03%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
-0.13
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
-0.08
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.09
Portfolio Data
Avg Libor Floor % 2.33%
% Loans with Libor Floor 76%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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